Source
Central bank

Central Bank of Iraq

International Reserves

USD 51.1 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 173.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 612.3 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.6% 1.9% 8.2% 3.4% 6.4% 7.6% 13.9%
2013 2014 2015* 2016* 2017*    
7.6% -0.5% -2.4% 10.3% 0.5%    

*Estimate

GDP per capita - current prices

USD 4,692.1 (2017, estimate)

GDP per capita - PPP

Intl$ 16,551.0 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A N/A 0.43% 0.5%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.7% 
  • industry: 45.1% 
  • services: 49.3%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015* 2016* 2017*
1.9% 2.2% 1.4% 2.0% 2.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
31.2% 33.5% 61.4% 75.8% 73.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-5.8% -5.6% -13.7% -14.1% -5.1%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -6.2 billion (2017 estimate)

Current account balance by percentage of GDP

-3.6% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

34.8% (2015)

Shares in world total merchandising export

0.3% (2015)

Shares in world total commercial services export

0.1% (2015)

Total exports

USD 44.7 billion (2016 estimate)

Export commodities

Crude oil 99%, crude materials excluding fuels, food, live animals

Total imports

USD 43.3 billion (2016 estimate)

 
 
Source
Import commodities

Food, medicine, manufactures

Exports - major partners

China 22.6%, India 21.1%, South Korea 11.2%, US 7.8%, Italy 6.7%, Greece 6% (2015)

Imports - major partners

Turkey 20.7%, Syria 19.6%, China 19.2%, US 4.8%, Russia 4.4% (2015)

FDI inflows
2013 2014 2015
USD 5,131 million USD 4,782 million USD 3,469 million
FDI outflows
2013 2014 2015
USD 227 million USD 242 million USD 153 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD -14.0 million USD 7.6 million N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 165 out of 190 countries (2017)

Subcategories:

Starting a business: 164 out of 190 countries

Enforcing Contracts: 138 out of 190 countries

Registering Property: 115 out of 190 countries

Getting Credit: 181 out of 190 countries

Protecting Minority Investors: 123 out of 190 countries

Trading Across Borders: 179 out of 190 countries

Paying Taxes: 52 out of 190 countries

Dealing with Construction Permits: 104 out of 190 countries

Getting Electricity: 133 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

N/A 

 
 
Source
Time zone

UTC+3

Total area

438,317 sq km

Capital

Baghdad

Currency

Iraqi dinars (IQD)

Government type

Federal parliamentary republic

Languages

Arabic (official), Kurdish (official), Turkmen (a Turkish dialect) and Assyrian (Neo-Aramaic) are official in areas where they constitute a majority of the population), Armenian

Religions

Muslim (official) 99% (Shia 60%-65%, Sunni 32%-37%), Christian 0.8%, Hindu <0.1, Buddhist <0.1, Jewish <0.1, folk religion <0.1, unafilliated 0.1, other <0.1 (2010 est.)

Total population
1990 2000 2010 2016* 2021*
N/A N/A 30.962 million 36.067 million 40.959 million

*Estimate 

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
43% 66% 69% 70%
Population median age

19.9 years (2016 estimate)

Population growth rate

2.87% (2016 estimate)

Life expectancy

74.9 years (2016 estimate)

Literacy

Total population: 79.7%
Male: 85.7%
Female: 73.7%  (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

0.1% (2013) 

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 5
Civil Liberties: 6 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 5.58%   Mobile 93.83% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

17.22% (2015)

Mercer Cost of living index

N/A

CO2 emissions

4.9 (2013)

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